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Nevada Statutes

§ 338.490 — Limitations on requiring release or waiver of right to receive progress payment or retainage payment

Nevada § 338.490
JurisdictionNevada
Title 28PUBLIC WORKS AND PLANNING
Ch. 338Public
Applicability and Limitations

This text of Nevada § 338.490 (Limitations on requiring release or waiver of right to receive progress payment or retainage payment) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Nev. Rev. Stat. § 338.490 (2026).

Text

Any release or waiver required to be provided by a contractor, subcontractor or supplier to receive a progress payment or retainage payment must be:

1.Conditional for the purpose of receiving payment and shall be deemed to become unconditional upon the receipt of the money due to the contractor, subcontractor or supplier; and
2.Limited to claims related to the invoiced amount of the labor, materials, equipment or supplies that are the subject of the progress bill or retainage bill.

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Legislative History

(Added to NRS by 1999, 1989 )

Nearby Sections

15
§ 338.010
Definitions
§ 338.011
Applicability: Contracts related to normal operation and normal maintenance; contracts related to emergency
§ 338.0115
Inapplicability of this chapter and chapters 332 and 339 of NRS to certain projects constructed by private developers
§ 338.01155
Legislative findings and declarations: Payment of prevailing wages
§ 338.0116
Legislative findings and declarations
§ 338.01165
Requirements relating to use of apprentices on public works; documentation of compliance; annual report; penalties; apprenticeship agreement; regulations
§ 338.0117
Qualification to receive preference in bidding: Submission of affidavit to public body certifying compliance with requirements; provisions required to be included in contract; written objections for failure to comply with requirements; penalty; annual report to Legislative Commission by public body concerning such contracts
§ 338.0118
Adoption by local government of policies providing for use of certain recycled materials in public road and highway projects; use of such materials; exception
§ 338.012
Regulations of Labor Commissioner
§ 338.013
Inclusion of identifying number from Labor Commissioner in advertisement or solicitation and bids and other responsive documents; reports by public bodies and contractors to Labor Commissioner
§ 338.015
Enforcement by Labor Commissioner and Attorney General
§ 338.016
Civil action against contractor after imposition of administrative penalty to recover damages resulting from commission of offense; rebuttable presumption; costs and attorney’s fees
§ 338.017
Temporary prohibition or disqualification of contractor from award of contract after imposition of administrative penalty or debarment by Federal Government; notification of State Contractors’ Board
§ 338.018
Applicability to certain contracts for construction work of Nevada System of Higher Education
§ 338.020
Hourly and daily rate of wages must not be less than prevailing wage in region; rate must be included in contract and posted on-site; payment of overtime; wages paid in accordance with jurisdictional classes recognized in region
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Bluebook (online)
Nevada § 338.490, Counsel Stack Legal Research, https://law.counselstack.com/statute/nv/338.490.